News & Info
The IRS Is Watching Out for Padding
The IRS has compiled a list of "Dirty Dozen" tax scams, and one swindle that the agency is warning taxpayers to avoid is inflating deductions and expenses on tax returns. Common areas targeted by unscrupulous tax preparers involve overstating deductions. Scammers hope...
California Businesses Finally Get Clarity on Deducting PPP Expenses
The prolonged and closely watched debate on deductibility of qualifying expenses paid with PPP funds provided under the CARES Act or Consolidated Appropriations Act (CAA) has finally come to an end for California businesses as Governor Newsom officially signed...
Consolidated Appropriations Act of 2021
On Sunday, December 27, President Trump signed the Consolidated Appropriations Act, 2021 (CAA, 2021). The Act includes many favorable provisions, including several tax changes that have been modified from earlier legislation and many that have been extended. ...
What Papers Do You Need To Save?
Sometimes it feels good to get rid of clutter. Cleaning out papers we have kept for years is a good project. But there are some guidelines to be aware of before you put a pile of papers on the scrap heap. Individual circumstances guide the exact documents that should...
Federal Tax Date Postponed to May 17
The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,...
PPP Loan Necessity Questionnaire
On October 26, 2020, the Small Business Administration (“SBA”) issued a notice stating that it intends to release two new forms, one for for-profit businesses and the other for non-profit, relating to the PPP forgiveness process for borrowers with loans of $2 million...
RP&B CPAs Announces Robert Bessee, CPA Retiring
RIVERSIDE, CALIFORNIA – June 16, 2021 – Roorda, Piquet & Besse, Inc. (RP&B CPAs), a premier, full service accounting firm located in the Inland Empire has announced that Robert Bessee, CPA is retiring effective June 30, 2021. Bob will move to an emeritus role,...
American Rescue Plan Act of 2021 (HR 1319)
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law to provide financial relief to individuals and businesses. ARPA includes a number of tax provisions that may have implications for taxpayers in 2020 and beyond. ...
RP&B 9th Annual Texas Hold ‘Em Poker Tournament
Please contact Talia Gutierrez at our office regarding registering or sponsoring this event. RP&B has been hosting this poker tournament for 9 years. All proceeds have always gone to our charity of choice. We are excited that Mary S. Roberts Pet...